Personal Debt Management Tips | Mange Your Person Debt

06Dec 2016 by Jesse Losse No Comments

Credit Score Basics: How Your Credit Score Works

Managing Debt

"You can't judge a book by its cover" - this is why banks, and other lenders, cannot determine your credit worthiness based on the way you look. Instead, lenders will look at your credit score to determine how reliable you are. It's important that lenders trust you to pay back a loan or your chances of getting one will greatly decrease! This article will educate you on credit score basics and how your credit score works. Credit Score Basics: What is a Credit Score? Your credit score is a number that ranges from 300 to 850 and is composed of many different factors. Lenders use this number to determine your credit worthiness and if there is a chance you will default (not pay back) on the loan. The higher your credit score, the better…

11Oct 2016 by Jesse Losse No Comments

Common Credit Card Mistakes | A Beginner’s Guide to Using a Credit Card

Credit Cards, Managing Debt

Common credit card mistakes are easily avoidable with the right education. This articles is to serve as a beginner's guide to using a credit card. Most people know what a credit card is but for those of you who don't - a credit card is a small, rectangular piece of plastic that is connected to a financial account that acts like a short-term loan. This card allows you to make a purchase and pay it back at a later time. Since you do not need to have the money upfront to make a purchase, a credit card can potentially be very dangerous for someone who likes to spend money. InvestMoneyRight.com is here to make sure you don't find yourself with a credit card nightmare on your hands! By using your credit properly,…

20May 2016 by Jesse Losse No Comments

Buying a Car: 5 Tips to Get the Best Deal

Buying a Car, Managing Debt

Are you thinking of buying a car? Whether you currently don't own a vehicle or your current vehicle is breaking down, buying a car is a big decision! This guide will help you through the car buying process and more importantly help you get a great deal on your next car! First off, ask yourself why do you need a new car? For some people they need one to fulfill their day-to-day obligations. Other people simply want a new car because they are tired of their old one and can afford a new one. Make sure your need is greater than your want if you are in any way concerned if you can afford the monthly payments on a new car. Besides loan payments, you will also need full coverage car…

09May 2016 by Jesse Losse 3 Comments

Interest: How it Affects You and Your Wallet

Managing Debt

Interest is the cost of borrowing money from a lender. When consumers borrow money, they get charged an interest rate (%). This is how the lender makes their money. The higher the rate, the more money you are paying that lender to borrow you money. Your credit score and type of credit you are trying to attain will determine your interest rate. A credit card, for example, can have an extremely high rate (25%+), while a home loan can be as low as 3.5%. That's a HUGE difference! Also, it's very important to maintain a high credit score. Having good credit will save you a lot of money in interest costs, making your purchases cheaper in the long run! This Is Why It's Very Important To Try To Get The…

06Apr 2016 by Jesse Losse No Comments

How to Quickly Pay Off Debt | Tips for Paying Off Credit Card Debt

Managing Debt

Are you looking to pay off your debt early and free up some of your monthly cash? Increasing your monthly payments and putting that extra money to work will have a big difference on how much interest you end up paying. Learn how to quickly pay off debt with these simple strategies. We also offer advice on paying off credit card debt,too! How to Quickly Pay Off Debt 1) Debt Stacking - The concept of paying a fixed amount every month to your loans and putting extra money on the loan with the highest interest rate while continuing to pay the minimum on the rest of the loans. Once the loan with the highest interest rate is paid off, you continue paying the same fixed monthly payment, but now you apply the additional payments…

Category: Managing Debt